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📦 Exceeding 750 W but not exceeding 14.92 kW

Exceeding <il>750 W</il> but not exceeding <il>14.92 kW</il>

HS Code:

📦

Overview

The category 'Exceeding 750 W but not exceeding 14.92 kW' typically falls under HS Code 8501.32 or similar, relating to electric motors and generators (excluding generating sets) with an output power in the specified range. These products are widely used in industrial applications, automotive systems, and renewable energy solutions. This category is critical for machinery and equipment manufacturing, contributing significantly to global industrial output.

Total Trade Volume

USD 12.5 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2%

Highest Rate

12% (applied by certain developing countries)

Lowest Rate

0% (under free trade agreements like EU-USMCA)

Common Restrictions

  • Import quotas in specific regions
  • Technical standards compliance (e.g., CE marking in EU)
  • Anti-dumping duties in select markets
  • Environmental regulations on energy efficiency

Market Trends

Rising demand for energy-efficient motors

Increased trade volume due to global push for sustainability and reduced energy consumption in industrial sectors

2021-2022

Growth in electric vehicle (EV) production

Higher demand for motors in the specified power range for EV components, boosting exports from key manufacturing hubs

2020-2022

Automation in manufacturing

Increased adoption of industrial automation solutions driving demand for electric motors in this power category

2019-2022

Recent Developments

EU Green Deal Impact on Motor Imports

The European Union introduced stricter energy efficiency standards under the Green Deal, affecting the import of electric motors in this category. Non-compliant products face higher tariffs or market entry barriers.

January 2023

Potential shift in supply chains towards manufacturers meeting EU standards, benefiting European and compliant Asian producers.

US-China Trade Agreement Update

A new phase of the US-China trade agreement reduced tariffs on certain industrial goods, including electric motors in this power range, fostering increased exports from China to the US.

March 2022

Boost in trade volume between the two countries, with China maintaining its dominant position in the market.

South Korea's Investment in EV Motor Production

South Korea announced a USD 500 million investment in domestic production of electric motors for EVs, targeting the 750 W to 14.92 kW range, aiming to reduce reliance on imports.

September 2022

Likely increase in South Korea’s export share in the coming years, challenging other major exporters.